NTPC Ltd.

NTPC has acquired 600-MW Jhabua Power Plant for Rs 925 crore, which is its first such deal through insolvency proceedings. NTPC has successfully acquired Jhabua Power (JPL) through Corporate Insolvency Resolution Process initiated by National Company Law Tribunal, Kolkata, (NCLT). This is the first acquisition of a power asset by NTPC through NCLT route, a step forward in accomplishing NTPC's long-term capacity targets.

Under the resolution plan NTPC has offered 50 per cent equity stake in JPL to the secured financial creditors while NTPC has retained all the management rights and control over the company. JPL is having an operational thermal power capacity of 600 MW located in Seoni, Madhya Pradesh. After the acquisition of JPL, NTPC has become a 70 GW-plus company with total installed capacity of 70,064 MW. With a target set to achieve installed capacity of 130 GW by 2032 from a diversified portfolio, NTPC has been exploring various opportunities for capacity expansion through both organic and inorganic routes.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.